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EXHIBIT 12(a)
THE CHASE MANHATTAN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS, EXCEPT RATIOS)
Nine Months Ended
September 30, 1999
EXCLUDING INTEREST ON DEPOSITS
Income before income taxes $ 5,790
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Fixed charges:
Interest expense 3,571
One third of rents, net of income from subleases (a) 106
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Total fixed charges 3,677
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Less: Equity in undistributed income of affiliates (66)
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Earnings before taxes and fixed charges, excluding capitalized interest $ 9,401
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Fixed charges, as above $ 3,677
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Ratio of earnings to fixed charges 2.56
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INCLUDING INTEREST ON DEPOSITS
Fixed charges, as above $ 3,677
Add: Interest on deposits 4,806
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Total fixed charges and interest on deposits $ 8,483
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Earnings before taxes and fixed charges, excluding capitalized interest,
as above $ 9,401
Add: Interest on deposits 4,806
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Total earnings before taxes, fixed charges, and interest on deposits $ 14,207
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fpRatio of earnings to fixed charges 1.67
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(a) The proportion deemed representative of the interest factor.
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